The network packet broker market is expected to reach USD 849.4 million by 2023 from USD 585.4 million by 2018, at a CAGR of 7.44% during the forecast period. The growth of the network packet broker market is attributed to the need for simplified data center management and automation, high demand for cloud services, and surge in internet multimedia content and web applications. The rising trend of bare-metal switches and growing bandwidth requirements in data centers are the key growth opportunities for the players in the network packet broker market. However, the presence of self-reliant enhanced servers inhibits the growth of the network packet broker market.
The network packet broker market is highly competitive with the presence of a large number of global and regional market players. Product launches and developments are the most prominent strategies adopted by key industry players in the recent years. Moreover, partnerships, collaborations, and acquisitions are the other major growth strategies followed by the players in the market. Key players implementing these strategies are Gigamon (US), NetScout Systems, Inc. (NetScout) (US), Ixia (US), VIAVI Solutions, Inc. (Viavi Solutions) (US), APCON, Inc. (APCON) (US), Garland Technology (US), Cisco Systems, Inc. (Cisco) (US), Broadcom Inc. (Broadcom) (US), Juniper Networks, Inc. (Juniper Networks) (US), Big Switch Networks, Inc. (Big Switch Networks) (US), and Zenoss Inc. (Zenoss) (US). Other key companies, including innovators and start-ups in the network packet broker market, are Network Critical (UK), Corvil (Ireland), CALIENT Technologies, Inc. (CALIENT) (US), Netgear Inc. (Netgear) (US), and Motadata (US)
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Top 2 players in the network packet broker market:
Gigamon develops and delivers solutions that deliver visibility and control of data-in-motion traversing enterprise, federal, and service provider networks. The company offers a wide range of network TAPs, packet brokers, and aggregators for traffic analysis and monitoring purpose. The company has a full product portfolio for network packet brokers, thereby providing a whole range of deployments in small to very large industries. The company’s major focus is on their brand awareness, thereby driving end-user customers toward their visibility platform. The company relies on a combination of internal marketing professionals, external marketing agencies, and a network of ecosystem and channel partners to effectively communicate its value proposition and differentiation, thereby generating qualified leads for channel partners. Moreover, for business growth, the company focuses on research & development to improve and enhance its existing products and services, as well as developing new products, features, and functionalities. In September 2017, the company partnered with European Broadcasting Union to strengthen their traffic visibility for faster incident diagnosis and network security. Moreover, in April 2016, Gigamon launched new 100Gb product offerings and software updates to its portfolio that further extends the power of its market leading visibility solutions for high-performance enterprise networks, as well as 4G/5G LTE mobile operator infrastructure.
NetScout Systems, Inc. (US)
NetScout Systems provides operational intelligence and performance analytics for service assurance and cyber security solutions. NetScout relies on the enhancement of its product portfolio and investment in R&D for its business growth. This R&D investment helps the company leverage the strong technical and domain expertise across its organization. The company is expected to introduce new solutions to help enterprises monitor the performance of their applications in public cloud environments and in software-defined network and network function virtualization environments. Moreover, the company is expected to enhance its product portfolio, thereby driving product integration. This will help the company attract new customers and increase its overall addressable market.
Network Packet Broker Market by Bandwidth (1 and 10 Gbps, 40 Gbps, 100 Gbps), End User (Enterprises (Large, Small and Medium–Sized), Service Providers, Government Organizations), and Geography - Global Forecast to 2023
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